The Forbes listed the world’s 2000 largest companies this year as well, the first 10 spots occupied by Chinese and U.S. companies. China’s breakthrough is obvious: the first 4 spots were only available to Chinese companies. There are, however, further interesting movements and rearrangements on the list.

Despite the US stock markets continue to break record highs, we see big imbalances in the background. Bank of America Merrill Lynch published a new survey that shows US investors have pulled 99 billion USD out of the equities year-to-date including net outflows in 11 of the past 12 weeks. What’s more, we saw the biggest outflows from equity in amount of 17,2 billion USD this year.

It seems that markets and investors start to believe in growing European economy, even stronger for longer-term. Lending by euro-area banks to companies and households rose for the first time in three years in a sign that record monetary stimulus is finally reaching the economy, according to the Bloomberg.

Chinese Baoding Baobian Tianwei Electric Co Ltd failed to pay the $13.8 million of bond interest due 21 April, which means that the state-owned company might go bankrupt. This is without precedent in China.

Larry Summers’, former Secretary of the Treasury, critic on the United States behaviour is harsh but sounds about right: the US ignored and failed to respond to China’s growing role. As a result, this new Chinese initiative can now break the United States’ dominance.